Gilbarco Inc. announced Wednesday that it has signed and closed a definitive purchase agreement to acquire Stratema Indústria E Comércio Ltda. of Guarulhos, São Paulo, Brazil.
Stratema is a manufacturer of fuel dispensers and a provider of maintenance services for the retail petroleum industry and commercial fueling operations in Brazil. Stratema’s customers include large regional oil companies, local oil companies and independent retailers.
Arseus announced Monday that it has signed an agreement for the acquisition of the Brazilian Pharma Nostra, a leading supplier of raw materials for pharmaceutical compounding to pharmacies in Brazil.
Pharma Nostra is the market leader in Brazil with a turnover of approximately € 45 million in 2010.
Pharma Nostra’s EBITDA margin is approximately 15%. The acquisition sum for Pharma Nostra is approximately € 51 million. On completion of the transaction approximately 60% of the acquisition sum needs to be paid.
Publicis Groupe announced that it has acquired a majority stake in DPZ, one of Brazil’s leading advertising agencies. According to the terms of the agreement, Publicis Groupe immediately acquires 70% of the new agency, and has the possibility of increasing its participation to 100% over the next two or three years.
The Wall Street Journal Friday reported that Gol Linhas Aereas Inteligentes, Brazil's second-biggest airline, confirmed Friday it will acquire rival low-cost carrier Webjet Linhas Aereas Economicas for 96 million Brazilian reais ($61.53 million.)
The accord reached with Webjet's controllers is subject to technical and legal analysis of Webjet's activities and assets as well as approval by antitrust authorities, Gol said in a statement.
TIM Participações S.A., through its subsidiary TIM Celular S.A., Thursday signed an agreement for the acquisition of AES Atimus Group (in effect 100% of Eletropaulo Telecomunicacões Ltda and AES Communications Rio de Janeiro S.A.) from Companhia Brasiliana de Energia.
The group is a telecommunications infrastructure operator in the states of San Paolo and Rio de Janeiro, the most densely populated and wealthiest regions of the country which generate 27% of national GDP.
Brazil Hospitality Group S.A (BHG) announced Thursday it attained approval to acquire Hotel Rio Palace.
The approval was by unanimous decision of the Registered Instrument of Promise of Purchase and Sale established on August 26, 2010, and amended on September 2, 2010, between BHG and Veplan Hoteis e Turismo S.A. (Veplan), a company in bankruptcy reorganization (Chapter 11) for the acquisition of the Hotel Rio Palace (currently operated with the "Sofitel" brand). The decision was announced yesterday.
Barra Energia do Brasil Petróleo e Gás Ltd (Barra Energia) announced that it has entered into an agreement to acquire 10% of Block BMS-8 from Shell Brasil Petróleo Ltda, which currently owns a 20% participation in the area. Financial terms of the transaction were not disclosed.
The block is located offshore in the Santos Basin in water depth of approximately 2,100m. Petrobras is the operator of the block with a 66% working interest while Galp holds a 14% working interest.
ILEOS, a major player in packaging for the beauty & health industry, announced Tuesday that it has entered into an agreement to take a majority stake in MAPPEL, a company specializing in the manufacture and filling of unit doses and samples, a Brazilian market leader in its field.
MAPPEL, established in 1970 by Marion Appel has 230 employees on two production sites based in San Paolo. The company posted a turnover of 25 million euros in 2010, with strong continued growth.
Carrefour Monday announced that the company’s Board of Directors approved the project proposed by Gama to form a strategic partnership that would create the leading player in Brazilian retail, combining Carrefour’s assets in the country with those of CBD in an equally-owned company that would be fully consolidated by Carrefour as of January 1, 2013.
The Wall Street Journal Friday reported that Brazilian state-run energy giant Petrobras purchased a 50% stake in a local Brazilian biodiesel company for 200 million Brazilian reais ($128.4 million).
The stake is in BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A., which produces 160 million liters of biodiesel per year from vegetable oils, said the Journal.
Vale S.A. (Vale) announced that its Board of Directors has approved the proposal for a public offer to acquire, through its subsidiary Mineração Naque S.A., up to 100% of the free float (OPA) of Vale Fertilizantes S.A. (Vale Fertilizantes), in order to delist.
The public offer to acquire shares involves a cash price of R$ 25.00 per share, for both the common and preferred shares, amounting to a total disbursement by Vale of up to R$ 2.22 billion (equivalent to US$ 1.39 billion at the BRL/USD exchange rate of 1.5910 for June 21, 2011).
MBAC Fertilizer Corp. announced it has exercised an option to purchase 100% of a phosphate project located in the Municipality of Araxa in the southern part of Minas Gerais State, Brazil. The option has been acquired from a private vendor and the exercise of the option to acquire the project is subject to certain conditions, including the completion of satisfactory due diligence by MBAC.
Schenck Process, Germany announced its acquisition of Pentec based in Caeté Brazil. Serving the new equipment and after-sales markets, this acquisition reinforces the position of Schenck Process as a global supplier of solutions throughout the process industries.
Founded in 1975, Pentec is a leading manufacturer and supplier of polyurethane and rubber screening products. Solutions include use in vibratory screening equipment, rubber lining for ball mills and wearing parts in the mining industry.
Brazil’s leading realty group has invested in ReadSoft’s SAP-certified invoice processing solution to process hundreds of thousands of documents per year. The Brazilian firm will implement the solution at four companies belonging to their Group in order to accelerate the processing of paper and electronic invoices inside SAP.
Bloomberg Monday reported that Goldman Sachs Group Inc. (GS) is increasing its Brazil workforce by about 20 per cent this year to expand in an economy that’s growing more than twice as fast as the company’s home market.
According to Bloomberg, the Brazilian unit, which raised headcount to about 300 from 200 last year, plans to invest during 2011 in research, asset management, private banking, sales, investment banking and trading.
The Economic Times (ET) Friday quoted two sources, indicating that Indian state-run iron ore miner, National Mineral Development Corporation (NMDC), is in talks to acquire controlling stake in mining firm Greystone Mineracao do Brasil for $1 billion.
The transaction amount includes the cost of building infrastructure to develop the mines. NMDC is currently doing a technical, financial and legal due diligence of the iron ore mines which have reserves of 260 million tons, the report said.
Mazda Motor Corporation announced that it has signed formal agreements and begun preparations to establish a Mazda vehicle production facility in Mexico and a sales company in Brazil, in alliance with Sumitomo Corporation. Through the new joint ventures, Mazda and Sumitomo intend to combine their individual strengths in order to enhance both companies' business in the rapidly growing Central and South American markets.
The Financial Times (FT) Thursday reported that Brazilian mining giant Vale plans to take its fertilizer unit private, offering to buy out minority shareholders for R$2.2bn (US$1.4bn) at a critical time both for the company and the industry.
According to FT, fertilizers have become an increasingly important strategic asset for the Latin American country as it looks to consolidate its position as one of the world’s agricultural powerhouses.
Eagle Star Minerals Corp. announced that it has received approval from the National Mining Agency of Brazil (DNPM) of its application for 39 mineral claims covering an area of 80,000 hectares in the centre of the state of Piaui – Northeast Brazil. The concessions are located in areas with extensive phosphate potential.
The Travelers Companies, Inc. announced Tuesday it has completed its acquisition of a 43 per cent interest in JMalucelli Participações em Seguros e Resseguros S.A., the market leader in the surety insurance business in Brazil with a market share in excess of 30 per cent.
Valor Economico Friday reported that Mexico's America Movil SA plans to invest 1.9 billion Brazilian reais ($1.2 billion) in its Brazilian mobile phone unit, Claro, in 2011, in a move aimed at enabling the Brazilian unit maintain its market share.
Louisiana-Pacific Corporation (LP) announced that its subsidiary, LP South America (LPSA), acquired the remaining 25 per cent equity interest in LP-Brasil OSB Industria e Comercio S.A. (LP Brasil) from Masisa do Brasil LTDA (Masisa-Brasil), a subsidiary of Masisa S.A. in Chile. LP Brasil operates the oriented strand board (OSB) plant located in Ponta Grossa, Parana, Brazil.
International iron ore company, Centaurus Metals Ltd, announced Friday that it has acquired a portfolio of tenements in south-eastern Brazil known as the Serra do Lontra Project. The acquisition is the initial basis of Centaurus’ strategy to export 1-2Mtpa of high-grade hematite to international markets by mid-2014.
MPX Energia, a diversified Brazilian energy company with the largest licensed portfolio of integrated energy projects in South America, totaling 11 GW, and complementary businesses in power generation, coal mining, and natural gas E&P, announced that it has signed a Letter of Commitment to Bertin Energia e Participações S.A. to acquire UTE MC2 Joinville S.A. and UTE MC2 João Neiva S.A., holders of permits that allow the construction of liquefied natural gas thermal power plants with a total capacity of 660 MW in the state of Espírito Santo.